Edited by Peter Buckley and Jonathan Michie Foreword by Ronald Coase

Firms, Organizations and Contracts

A Reader in Industrial Organization

Edited by Peter Buckley and Jonathan Michie Foreword by Ronald Coase

Description

The operations of the firm lie at the heart of studying business and business economics. This volume--the first in the new Oxford Management Readers Series--brings together the classic articles analyzing the role of firms and the relations between them, focusing particularly on the increasingly widespread idea that a firm is based on a set of internal and external contracts. The book will be an invaluable tool for teachers and students of business, economics, and management. The editors' Introduction provides an accessible overview, and Nobel prizewinner Ronald Coase contributes a foreword.

Firms, Organizations and Contracts

A Reader in Industrial Organization

Edited by Peter Buckley and Jonathan Michie Foreword by Ronald Coase

Table of Contents

Foreword, CoaseIntroduction and OverviewI: Theory of the Firm The Equilibrium of the Firm, KaldorThe Nature of the Firm, CoaseThe Organization of Industry, RichardsonProduction, Information, and Economic Organization, Alchain and DemsetzThe Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership Structure, Jensen and MecklingAn Economist's Perspective on the Theory of the Firm, HartII: Markets and Industrial Organization Transaction Cost Economies, WilliamsonCorporate Culture and Economic Theory, KrepsCo-operative Agreements and the Organization of Industry, Mariti and SmileyInterpenetration of Firm and Market, Imai and ItamiVertical Quasi-Integration, BloisNon-Contractual Relations in Business: A Preliminary Study, MacaulayGoodwill and the Spirit of Market Capitalism, DoreIII: Joint Ventures, Networks, Clans, and Alliances Joint Ventures and Interorganizational Dependence, Pfeffer and NowakA Theory of Co-operation in International Business, Buckley and CassonOrganizations: New Concepts for New Forms, Miles and SnowMarkets, Bureaucracies, and Clans, OuchiEconomic Theories of the Firm: Past, Present, and Future, Milgrom and Roberts